JAKARTA After being urged to resign by many parties, including United States (US) President Donald Trump, Intel CEO Lip-Bu Tan finally raised his voice. Tan firmly said he refused to resign from his position.
The push to step down comes after Tan is suspected of having a relationship with a number of technology companies in China. Earlier this year, Reuters' report also showed that Tan was investing in hundreds of Chinese technology companies.
Of the hundreds of companies, eight of them have ties to the People's Liberation Army. However, Tan denies any conflict of interest with China. On the other hand, Tan is still committed to the US.
"The United States has been my home for more than 40 years. I love this country and I am very grateful for the opportunity she gave me. I also love this company," Tan wrote in his open letter, citing from 9to5mac.
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Tan also described the allegations as 'misinformation'. He emphasized that his relationship with China in the past had never violated the laws or ethics in force in the US.
Although many have urged Tan to resign, the Intel Board of Directors is still providing full support to him. Therefore, Intel is working to resolve this disinformation issue with the White House.
"We are communicating with the Government to deal with issues that have been raised and ensure they have the facts," said Tan.
Please note that the issue of a conflict of interest between Tan and Chinese companies has had a major impact on Intel's shares. After this issue, Intel's shares weakened by three percent and one percent the following day. However, its shares managed to bounce back and close 0.9 percent higher.
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